Establishes an economic development grant program for businesses affected by the Second Avenue Subway construction.
The bill creates a Second Avenue Subway construction economic development grant program to provide financial and technical assistance to businesses in the construction zone. It defines the business zone area and outlines the types of assistance, including capital improvements, marketing, and advertising costs. The program also offers specific support for endangered and terminal businesses, such as payroll and rental payment assistance. The grants require matching funds from the businesses and must adhere to labor law provisions.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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